Hixon Zuercher LLC Sells 144 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Hixon Zuercher LLC lessened its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,053 shares of the e-commerce giant’s stock after selling 144 shares during the period. Amazon.com comprises 2.5% of Hixon Zuercher LLC’s portfolio, making the stock its 13th biggest holding. Hixon Zuercher LLC’s holdings in Amazon.com were worth $6,345,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC lifted its stake in shares of Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after buying an additional 16,392 shares during the period. Zhang Financial LLC increased its stake in Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after acquiring an additional 5,828 shares during the period. BayBridge Capital Group LLC increased its stake in Amazon.com by 51.8% in the third quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant’s stock valued at $2,677,000 after acquiring an additional 4,905 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Amazon.com by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after acquiring an additional 14,766 shares during the period. Finally, GAMMA Investing LLC increased its stake in Amazon.com by 19.2% in the third quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after acquiring an additional 19,231 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AMZN shares. Loop Capital upped their target price on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Morgan Stanley lifted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Benchmark lifted their price target on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Monness Crespi & Hardt lifted their price target on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial lifted their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $238.87.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $227.46 on Friday. The firm has a 50 day moving average of $201.65 and a 200-day moving average of $189.67. Amazon.com, Inc. has a 12 month low of $144.05 and a 12 month high of $231.20. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $2.39 trillion, a PE ratio of 48.71, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period last year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,034,534 shares of company stock valued at $1,253,883,872 over the last quarter. 10.80% of the stock is owned by company insiders.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.